Automated Accrual Management

Simplify Accrual Management

RapidValue’s Accrual automation solution is a digital based system that interfaces with multiple Oracle modules like Oracle Purchasing, Projects etc. to enable accurate capturing of accruals and automated journal creation. It is a centralized and collaborative platform that brings together people, data and critical tools into the same system. Accrual automation solution improves reconciliation, streamlines accrual processes and thus, produces more accurate financial statements. It enables seamless interactions between different departments in the organization and reduces the process closure time drastically. It also saves the cost of labor on a large scale, by optimizing the workflow.

Vendor Accruals Automation is implemented to automate the payable accrual process for vendors in Oracle E-Business Suite (EBS). The entire manual process of accruals is automated, so that each user role can login to the application and complete the accrual process as per the requirement. It enables a highly automated workflow and streamlines accruals hand-offs between multiple departments like Financial Planning & Analysis (FP&A), Business Owners and General Ledger (GL) users. The solution enables smooth interactions between different departments as it is a web based system which is highly usable.